Examples of waivers include the waiving of parental rights, waiving liability, tangible goods waivers, and waivers for grounds of inadmissibility. Waivers are common when finalizing lawsuits, as one party does not want the other pursuing them after a settlement is transferred. Some common synonyms of waive are abandon, relinquish, resign, surrender, and yield. While all these words mean "to give up completely," waive implies conceding or forgoing with little or no compulsion. waived the right to a trial by jury. When is it sensible to use abandon instead of waive? A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.